They didn’t cut and I don’t know what Powell said but it sounds like he guaranteed a cut in September, so the SM is going ballistic and that makes it OK for pm’s to go up to a lesser extent, but still decent.
I’m always skeptical anymore about everything pm and standard operating procedure is for them to take us down tomorrow and certainly on Friday with a rigged jobs report.
We will see. Hopefully we’ll keep going. The dollar is weakening into the close.